Computer aided engineering is the use of computer software to simulate the performance to improve the product design. The customers are focusing on evaluating their software contributions and are willing to pay high prices for software that supports low value processes. The market for computer aided engineering is highly competitive with the presence of large number of players operating in the market. The players operating in the market are focusing in offering advanced solutions to attract more customers and achieve a significant market share.
Advancements in technologies, the emergence of 3D printing, building information modeling, and concurrent engineering are the major factors that are expected to drive the growth of the computer-aided engineering market. However, the presence of open source solutions is expected to hinder the growth of the CAE software market. The European region is expected to hold a significant share of computer-aided engineering market owing to the presence of developed economies and the increasing popularity of automation and the growing manufacturing sector.
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The List of Companies
- Altair Engineering, Inc.
2. Autodesk, Inc.
3. Dassault Syst?mes
4. Echelon Services
5. ESI Group
6. Hexagon AB
7. Siemens Industry Software Inc.
9. SimuTech Group
10. The MathWorks, Inc.
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The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global computer aided engineering market based on various segments. It also provides market size and forecast estimates from year 2017 to 2027 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The Computer aided engineering market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting computer aided engineering market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the Computer aided engineering market in these regions.
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